Beacon Benefits - Hardship Request

Hardship Request

In general, you may take a Hardship Distribution from your plan. If your plan allows loans, you must use the loan feature before you request a Hardship Distribution.

In order to request a Hardship Distribution you must provide documentation of one of the following financial hardships.

Home Purchase

Foreclosure/Eviction

Healthcare

Education

Funeral Expenses

Expenses for the repair of damage to principal residence

Currently, all distributions from retirement plans are subject to taxes and, if you are younger than 59 ½, penalties.

These are only general rules, your plan will have specific rules concerning loans. An SPD will be provided to show you the exact rules pertaining to your plan. Request an SPD

Employer:
Participant Name:
Participant Email:
Participant Phone:
- Area Code Phone Number
Participant Address:
City:
State:
Zip Code:
Amount:
Or

Maximum Allowed
Hardship:

Home Purchase Foreclosure/Eviction Healthcare Education Funeral Expenses Expenses for the repair of damage to principal residence
If you submit your hardship request you will be charged a $75.00 hardship application fee. Please do not submit your request unless you are absolutely ready to take a loan.Thank you.
Should be Empty:

Beacon Benefits, Inc. will process your request for either the amount requested or the maximum allowed, if less than your request.

Please remember your employer must authorize any plan distribution.

Please remember to provide documentation of your hardship when you submit your forms.